If an Oligopolist's Several Rivals Exactly Match Any Price Changes

question 59

True/False

If an oligopolist's several rivals exactly match any price changes it initiates, the demand curve will be less elastic than if its price changes are ignored by its rivals.

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Definitions:

Object Class

A template or blueprint from which objects are created in object-oriented programming.

Ancestor Class

A class from which another class inherits, directly or indirectly. It's a part of the hierarchical inheritance in object-oriented programming.

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